YOUNG v. COMMISSIONER

Docket No. 7764-70.

33 T.C.M. 397 (1974)

T.C. Memo. 1974-76

William G. Young and Nancy Young v. Commissioner.

United States Tax Court.

Filed March 28, 1974.


Attorney(s) appearing for the Case

Mark J. Klein, for the petitioners. Larry K. Akins, for the respondent.


Memorandum Findings of Fact and Opinion

STERRETT, Judge:

The respondent determined a deficiency of $2,545.52 in the petitioners' federal income tax for the calendar year 1965. One issue having been conceded,1 there remains for our determination, from the issues arising out of the respondent's notice of deficiency, the question of whether the petitioners are entitled to a business or nonbusiness bad debt deduction under the provisions...

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